In H1 2021, China's shipbuilding industry experienced 18.4% YoY growth in completions, 43.9% surge in new orders, and expanded its global market share.

China's shipbuilding industry achieved significant growth in H1 2021, with completions totaling 25.02 million DWT, up 18.4% YoY, and new orders surging to 54.22 million DWT, reflecting a 43.9% growth. The order book stood at 171.55 million DWT, up 38.6% from the previous year. China accounted for 55% of global shipbuilding completions, 74.7% of new orders, and 58.9% of the order book, solidifying its global leading position.

July 16, 2024
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